Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,393 shares of the information technology services provider’s stock after selling 10,981 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Fidelity National Information Services were worth $16,379,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its stake in shares of Fidelity National Information Services by 21.9% in the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 150 shares during the period. BOKF NA boosted its holdings in Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares during the last quarter. Fiduciary Trust Co boosted its holdings in Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 161 shares during the last quarter. Wealthspire Advisors LLC increased its position in Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the period. Finally, FJ Capital Management LLC raised its holdings in Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Price Performance
Fidelity National Information Services stock opened at $49.69 on Monday. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 68.06, a PEG ratio of 0.49 and a beta of 0.90. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day moving average price is $54.81 and its two-hundred day moving average price is $62.18.
Fidelity National Information Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 241.10%.
Insider Transactions at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephanie Ferris bought 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FIS. Susquehanna dropped their price target on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. TD Cowen decreased their price objective on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. UBS Group cut their price target on shares of Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Wolfe Research decreased their price target on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.86.
Check Out Our Latest Report on FIS
Fidelity National Information Services Company Profile
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
Recommended Stories
- Five stocks we like better than Fidelity National Information Services
- The $8,000 Gold Call Every Retirement Saver Needs to Read Right Now
- A personal warning from Martin Weiss (Please read)
- Elon Musk: This Could Turn $100 into $100,000
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s gold reserves are priced at $42. The real price is $6,000+.
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS – Free Report).
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
